Nickel 28 CapitalCONXF -7.05%36 ROA % is -2.61% as of Jan. 2026. GuruFocus rates CONXF with a GF Score™ of 36/100. Among 2,665 Metals & Mining companies, Nickel 28 Capital ranks better than 74.45% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nickel 28 Capital's annualizedNet Income for the quarter that ended in Jan. 2026 was $-3.30 Mil.
Nickel 28 Capital's average Total Assets over the quarter that ended in Jan. 2026 was $126.47 Mil. Therefore, Nickel 28 Capital's annualized ROA % for the quarter that ended in Jan. 2026 was -2.61%.
The historical rank and industry rank for Nickel 28 Capital's ROA % or its related term are showing as below:
CONXF'
s ROA % Range Over the Past 10 Years
Min: -4.17 Med: 0.29 Max: 6.59
Current: -0.82
During the past 7 years, Nickel 28 Capital's highest ROA % was 6.59%. The lowest was -4.17%. And the median was 0.29%.
CONXF's ROA % is ranked better than 74.45% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.81
vs CONXF: -0.82
Nickel 28 Capital (OTCPK:CONXF) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jan. 2026) net income data. The Revenue data used here is four times the quarterly (Jan. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Nickel 28 Capital ROA % Related Terms
Nickel 28 Capital ROA % Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nickel 28 Capital ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's ROA % distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jan. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Nickel 28 Capital (CONXF) has a ROA % of -2.61% as of Jan. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nickel 28 Capital and its competitors. According to the industry distribution chart, Nickel 28 Capital ranks #681 out of 2665 companies in the Metals & Mining industry, placing it in the top 25.6%.
Is Nickel 28 Capital's ROA % too high?
Nickel 28 Capital's current ROA % is -2.61%. Based on the distribution chart, Nickel 28 Capital ranks #681 out of 2665 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel 28 Capital has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's ROA % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #681 out of 2665 companies for ROA %. This puts Nickel 28 Capital in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nickel 28 Capital and its competitors. Nickel 28 Capital's current ROA % is -2.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current ROA % of -2.61%. The current ROA % is -2.61%. Nickel 28 Capital's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nickel 28 Capital (CONXF), the current ROA % is -2.61% as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
36GF Score
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